Precious metals trading firm A-Mark Q1 revenue smashes estimates on rise in gold sales

Gold.com

06/11/2025 22:08

Overview

A-Mark fiscal Q1 revenue grows 36% yr/yr, beating analyst expectations

Company reports fiscal Q1 net loss of $0.9 mln, compared to $9 mln profit last year

A-Mark announces acquisition of Monex to strengthen DTC presence

Outlook

Company expects operational synergies from Monex acquisition to enhance future performance

A-Mark sees strengthened demand for precious metals post-quarter-end

Company anticipates further savings from centralizing operations

Result Drivers

GOLD SALES - Increase in gold ounces sold and higher average selling prices contributed to revenue growth

SG&A EXPENSES - Significant rise in SG&A expenses impacted net income negatively

MONEX ACQUISITION - Acquisition aims to strengthen DTC presence and realize operational synergies

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$3.68 bln
$2.74 bln (4 Analysts)
Q1 EPS
-$0.04
Q1 Net Income
-$900,000
Q1 Gross Margin
1.98%
Q1 Gross Profit
$72.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialty mining & metals peer group is "buy"

Wall Street's median 12-month price target for A-Mark Precious Metals Inc is $35.00, about 29% above its November 5 closing price of $24.84

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX4Y8Pq5

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)